Erbil, Kurdistan Region of Iraq, October
17, 2016—IFC, a member of the World Bank Group, signed an agreement
with Erbil-based NGO the Rwanga Foundation today to help it provide business
training to host communities and refugees in Iraq, part of efforts to bolster
the country’s private sector amid current challenges.
Under the agreement, IFC will help the
Rwanga Foundation deliver business skills training to up to 1000 refugees
and internally displaced people every year by building the capacity of
its trainers, providing customized content, and conducting regular assessments.
Rwanga’s aim is to improve access to education and educational standards
in the Kurdistan Region of Iraq and beyond.
“Over 3 million people have been displaced
and moved from their home towns during the past few years,” said Abdulsalam
Medeni, Chief Executive Director of Rwanga Foundation. “Our partnership
with IFC will help us deliver vital business training for them, helping
them to find jobs, build their own projects if they are unemployed, and
support growth for those who are already employed.”
IFC has a long history of designing
skills programs to improve management capacity and business performance.
These include training in key managerial areas like finance, marketing,
quality, HR, and personal productivity skills. Internationally, IFC has
access to around 500 trainers and 91 highly skilled training providers
who have delivered this type of training to more than 200,000 individuals
across 64 countries.
“Our partnership with Rwanga has provided
us with a new and creative way to reach Iraq’s refugees and internally
displaced people,” said Ziad Badr, IFC Principal Country Officer in Iraq.
"People inside the camps are eager to provide for their families and
communities. Through the business skills training program, we are giving
them the skills to help them become productive and find jobs and new lives
in their hosting communities."
The agreement is part of IFC’s Fast
Iraq project, which aims to enhance the business performance of Iraqi micro,
small and medium enterprises by developing their managerial capacities.
IFC has already helped over 12,000 individuals in Iraq improve their business
It is also part of IFC strategy in Iraq
to help the private sector develop a non-oil diversified economy, and address
the challenges that hinder job creation and business development.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in emerging markets. Working with 2,000 businesses worldwide, we use our
six decades of experience to create opportunity where it’s needed most.
In FY16, our long-term investments in developing countries rose to nearly
$19 billion, leveraging our capital, expertise and influence to help the
private sector end extreme poverty and boost shared prosperity. For more
information, visit www.ifc.org
About Rwanga Foundation:
For more information, visit www.rwanga.org